There may be no issues with the financing but since TE is querying the situation, and some Spanish journos appear in the dark too, from another one: The Generalitat and the City Council put the cost of the America's Cup sailing in Barcelona at 70 million (www-eldiario-es.translate.goog)at The attractiveness of the port-city proposal, claim to attract the America's Cup to Barcelona - El Canal Marítimo y Logístico (www-diarioelcanal-com.translate.goog)
Although the breakdown of the investment will be made public in the coming weeks, the institutions present at the presentation act have advanced that, of this disbursement, 25 million euros will come from the private sector (composed of companies, associations and individual entrepreneurs), which will act as economic guarantee.
The City Council and the Generalitat have not specified for now how the expense will be distributed between the public and private sectors, nor to what specific concepts the investment will be allocated beyond the fact that a part will go to the canon that the organizers of the competition ask the city that houses it. The Government has not revealed its contribution and ensures that it will give details in a presentation in the coming days. The first deputy mayor, Jaume Collboni, has indicated that the private sector will provide guarantees worth around 25 million.